First NBC Bank Holding Co. (NASDAQ:FNBC) reached a new 52-week low on Friday . The company traded as low as $13.94 and last traded at $13.94, with a volume of 405,518 shares. The stock had previously closed at $15.75.

FNBC has been the subject of a number of recent research reports. Zacks Investment Research downgraded First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 23rd. Keefe, Bruyette & Woods restated a “hold” rating on shares of First NBC Bank Holding in a research report on Wednesday, June 15th. Finally, Hovde Group upgraded First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. First NBC Bank Holding currently has a consensus rating of “Hold” and an average price target of $21.75.

The company has a market capitalization of $263.88 million and a price-to-earnings ratio of 4.0211. The company’s 50 day moving average price is $17.65 and its 200-day moving average price is $20.64.

Several large investors have recently added to or reduced their stakes in FNBC. First Trust Advisors LP increased its stake in First NBC Bank Holding by 371.2% in the fourth quarter. First Trust Advisors LP now owns 56,284 shares of the financial services provider’s stock valued at $2,104,000 after buying an additional 44,340 shares during the period. Argent Capital Management LLC purchased a new stake in First NBC Bank Holding during the fourth quarter valued at $1,710,000. Finally, Bank of Montreal Can increased its stake in First NBC Bank Holding by 28.7% in the fourth quarter. Bank of Montreal Can now owns 38,854 shares of the financial services provider’s stock valued at $1,453,000 after buying an additional 8,658 shares during the period.

First NBC Bank Holding Company is a bank holding company. The Company offers a range of financial services through its wholly owned banking subsidiary, First NBC Bank. It serves its customers located in the Central Business District of New Orleans and the Mississippi Gulf Coast. The Company’s primary focus is on commercial real estate and commercial lending.

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